US stocks closed mixed on Friday, with the Dow Jones gaining around 170 points during the session.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst’s opinion to trust.
Benzinga’s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the Analyst Stock Ratings page. One of the ways traders can sort through Benzinga’s extensive database of analyst ratings is by analyst accuracy. Here’s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga Analyst Stock Ratings.
Analyst: Christopher Danely
- Analyst Firm: Citigroup
- Ratings Accuracy: 88%
- Latest Rating: Maintained a Buy rating on ON Semiconductor Corporation ON on Feb. 8, 2023, and raised the price target from $75 to $95. Danely sees around 13% increase in the company’s stock
Analyst: Chris Caso
- Analyst Firm: Credit Suisse
- Ratings Accuracy: 88%
- Latest Rating: Maintained an Outperform rating on Monolithic Power Systems, Inc. MPWR on Feb. 9, 2023, and raised the price target from $475 to $580. Caso predicts around 18% upside in the stock.
Analyst: Zachary Fadem
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 86%
- Latest Rating: Reiterated an Overweight rating for Chipotle Mexican Grill, Inc. CMG on Feb. 8, 2023, and raised the price target from $1,800 to $1,900. This analyst expects around 20% surge in the company’s stock.
Read More: Top Financial Stocks That Are Preparing To Pump In February
Analyst: Rick Patel
- Analyst Firm: Raymond James
- Ratings Accuracy: 86%
- Latest Rating: Maintained an Outperform rating on Capri Holdings Limited CPRI on Feb. 9, 2023, and cut the price target from $73 to $60. Patel sees the stock gaining around 20%.
Analyst: Craig Ellis
- Analyst Firm: B. Riley Securities
- Ratings Accuracy: 86%
- Latest Rating: Maintained a Buy rating on Onto Innovation Inc. ONTO on Feb. 10, 2023, and raised the price target from $95 to $105. This analyst sees around 30% gain in the stock.
